Breaking NewsTreasuryandRisk.com will be offline for scheduled maintenance Friday Feb. 26 9 PM US EST to Saturday Feb. 27 6 AM EST. We apologize for the inconvenience.

Search
 

Making Sense of Babble

Toyota Financial Services resolves multiple banking connections and messaging formats with a solution built on SWIFT Integrator.

X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Standards are a good thing for treasury departments bent on automation and efficiency, but a cascade of new standards and drawn-out migrations by various players has left treasuries in a Tower of Babel. A bank transmission to or from an ERP system or treasury workstation may no longer make sense. The more banks and internal systems involved, the worse the cacophony gets, requiring one emergency translation patch after another. Now the treasury at Toyota Financial Services (TFS) in Torrance, Calif., has solved this problem by building a solution around SWIFT Alliance Integrator for version 7 of SWIFT.

“We were constantly wrestling with managing multiple banking relationships, connections and messaging formats,” says Mario Delfin, national manager of enterprise cash management and treasury systems at TFS. “Our core business lines could not take advantage of the greater reliability, security and convenience of new banking products if the formats didn’t match.”

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

Recommended Stories

FDIC Eases Path for Amazon and Facebook to Become Lenders

Jesse Hamilton |

“Just before the last crisis, regulators gutted financial rules and even considered letting mega-corporations like Walmart own banks -- and here we go again,” said Sen. Sherrod Brown.

Will You Move Corporate Cash to Bitcoin?

Vildana Hajric |

Bill Miller joins a chorus of high-profile investors who think it's only a matter of time till corporate treasuries start parking some cash in cryptocurrencies.

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.